How To Get Cheaper Car Insurance For Your Teenager
Car insurance premiums aren’t cheap, and even less when you add your new driver teenager to your policy. This is why you need to make the most of this new addition, pay attention to discounts, and encourage responsible behavior so that you can avoid future accidents. Car accidents are the number one cause of death among teenagers, and they often involve alcohol in the mix. Here are a few steps to follow to keep your teen safe on the road and, as a result, keep your car insurance premium cheaper.
- Pick the right car.
Every teen wants a sports car, a convertible, a big truck, whatever, but that doesn’t mean they should get one. I’m saying this even if you’re rich and have the money, and even if your teen has a job and can pay the monthly car note. When I was working my first job, one of my co workers was 16 and had just started buying a car from his dad. It was a big truck, and a new one, but all of his check went to it, almost. Guess what happened the first night he drove that car?
He crashed it. Yep, and then they had to file an insurance claim. I want you to think about the fact that kids are more likely to wreck cars, so you don’t want to spend too much money on them. Also, flashy cars are more encouraging of irresponsible behavior. On top of all that, the more expensive and dangerous the car, the higher your insurance premium will be.
- Share the burden.
Your kid is the one that’s making your insurance premium so high, so why shouldn’t they contribute? You can get them to do this by requiring them to pay part of the premium with proceeds from their job, or by having them do extra chores around the house. Whatever works for you.
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